KSB Pumps dropped 3.85% to Rs 707.45 at 12:00 IST on BSE after net profit declined 28.17% to Rs 15.96 crore on 1.75% rise in net total income from operations to Rs 203.62 crore in Q2 June 2016 over Q2 June 2015.
The result was announced after market hours on Friday, 22 July 2016.Meanwhile, the S&P BSE Senses was up 121.70 points or 0.44% at 27,926.68.
On BSE, so far 1,661 shares were traded in the counter as against average daily volume of 2,844 shares in the past one quarter. The stock hit a high of Rs 726.70 and a low of Rs 694.50 so far during the day. The stock had hit a 52-week high of Rs 767.95 on 11 July 2016. The stock had hit a 52-week low of Rs 499 on 20 January 2016. The stock had outperformed the market over the past one month till 22 July 2016, gaining 10.88% compared with Sensex's 3.88% rise. The scrip had also outperformed the market in past one quarter, rising 18.49% as against Sensex's 7.61% rise.
The mid-cap company has equity capital of Rs 34.81 crore. Face value per share is Rs 10.
KSB Pumps manufactures pumps and valves. The company supplies its products to customers from industry and building services, OEMs, the energy industry, mining and the public sector, power plants, process engineering etc. KSB's products are also used in chemical, petrochemical and other industries to transport aggressive, corrosive, explosive, solids-laden and viscous liquids, industrial and municipal waste water and in the areas of heating and air conditioning.
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